Business and freelance ITR with the presumptive call made for you
44AD or regular books — we compute both and file the one that stands up to scrutiny.
Freelancers and proprietors lose money in two places: declaring more profit than the presumptive scheme requires, or declaring less than the scheme allows and inviting an audit. We build your profit and loss from bank statements and invoices, test eligibility under 44AD and 44ADA, prepare the balance sheet schedule the form demands, and set your advance tax dates so you are not paying 234B and 234C interest next year.
What's included
Presumptive testing
44AD (business) and 44ADA (profession) eligibility checked against turnover, receipts mode and past declarations.
P&L and balance sheet
Financial statements prepared from bank statements, invoices and expense records.
GST-to-ITR reconciliation
Turnover declared in GST returns matched with the ITR to prevent departmental mismatch notices.
TDS credit recovery
26AS credits from clients traced and claimed, including entries deducted under a wrong section.
Advance tax schedule
Quarterly instalment plan so interest under 234B and 234C is avoided.
Audit applicability
Clear opinion on whether tax audit under 44AB is triggered, before the deadline, not after.
Frequently asked questions
- Who can use the 44ADA presumptive scheme?
- Specified professionals — including consultants, designers, doctors and lawyers — with gross receipts within the prescribed limit, declaring 50% of receipts as income.
- Do I need books of accounts under presumptive taxation?
- Detailed books are not required, but you must still report turnover, debtors, creditors, cash and bank balances in the return, which we prepare for you.
- I am a freelancer paid from abroad — anything different?
- Yes. Export of services needs FIRC/bank realisation support and correct treatment under GST; we align the ITR and GST position so they tell the same story.
- What if my TDS was deducted under the wrong section?
- The credit is still yours. We claim it against the correct head and, where needed, ask the deductor to revise the TDS return.
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